Related News

Home » Nation

Monetary transfers set to start to Taiwan

TWO-WAY monetary remittances are expected to start soon between the Chinese mainland and Taiwan for the first time in 60 years, a mainland official said in Beijing yesterday.

The official also announced enhanced cooperation on health issues and a seminar designed to spur the development of the information technology industry on both sides of the Taiwan Strait.

Fan Liqing, a spokeswoman for the State Council Taiwan Affairs Office, did not give an exact start date for the remittance service, but Taiwan's Chunghwa Post Co reported earlier that it should begin by mid-February.

"Post offices on the mainland and Taiwan are conducting technical tests, and the service will start soon after the tests are done," Fan said.

US$30,000 limit

According to Taiwan media, all remittance transactions will be made in US dollars, with each transfer limited to US$30,000. Citibank New York will serve as the intermediary bank.

Fan said that after the start of the two-way remittances, the two sides will discuss the possibility of cross-strait mail orders and online order services.

The mainland and Taiwan signed a series of landmark agreements on direct air, sea and postal services last November in Taipei. These direct links formally started on December 15.

Fan also said yesterday that Taiwan is now directly connected to the World Health Organization system on global health alerts.

The WHO will send its global public health alerts to Taiwan, instead of through the mainland, and involve the Taiwan Center for Disease Control in its discussions on the prevention of epidemics.

The WHO will also send experts to Taiwan in the event of epidemics.

Fan also announced that the Chinese mainland and Taiwan will hold a forum on information technology standards in the southwestern city of Chongqing on February 26 and 27.

Topics of the forum include audio-video coding standards, third-generation mobile technology, mobile memory, "green" power, light emitting diodes and Internet-protocol television.

More than 300 entrepreneurs, professionals and scholars from both sides of the Taiwan Strait will attend.


Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.

沪公网安备 31010602000204号

Email this to your friend